The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-09-07

70 aenu passengers from Washington
through to New York, while the Penney
vania was compelled 10 surrender thos
leaving New York to tho Baltimore
Ohio. In all these calculations John W
Garrett, proud In the confidence Of LII
tito TO absolute power, had overlooked
the fact that tho brains OF the PennBylya
MIA were not all concentrated In one man
In fact that brains were In that compan,
absolutely required Of every man in au
thoritY-not blind obedience to orders. ID
MIR. A. 8. Cassatt was then fitting him
aelf't to succeed Thomas A. Scott, and MI
Garrett wae astouished by fash OF geniu
which long ago put him in tho front ranl
Of railroad men and caused the einceres
regret that he chose to enjoy well earn
cd fortune In hia own way instead o
shortening his lie by the arduous dutie
which every great railroad manager i'm
poses upon himself. The Pennsylvanil
promptly put on a special train to Bslti
more, by way OF York, Pa, using the mali
line Of the Frederick branch and tn,
Northern Central, and reduced the rate t
the smallest figure ever known. II wal
tifty.ave miles luther, but they made til,
time often quicker than the direct line, ioI
they carried very few passengers. :, :
Here came In Cassatt's strategy. Fl,
could make the time II he rot The pss
sengers. He did not want the passenger
for no had made the rate so low that the,
could only carry them at q loss. So thu
company actually sent all the passenger,
It could by the Baltimore 4 Ohio, which
had, Of course, met It's reduced rate. The
more passengers they carried the slower
tho time and tho heavier the loss. But
tho few who stuck to the little train thai
the Pennsylvania ran camo. to Washing
ton loaded with dust, eyes and ears filled
with dirt, but jubilsnt over the way In
which they had beat the Baltimore &
Ohio with its dfty.dve miles lcss distance.
This was an unexpected Issue. II Mr..
Garrett kept 1t up he was only paying the
expenses OF the advertisement which the
Penneylvania got, 80 he stopped the OK.
curslon business and would sell low rate
tickets only to those passengers who had
trunks-bonafue travellers. "Wante
trunke, does ho?n was Mr.. Cassett's quiet
remark upon his last notice. II don't see
but We shall have to accommodate him. !"
So lot Of two hundred or more trunks
were purchased, delivered to the Adams
Express Company, duly billed with ex.
press matter, Tor which the Pennsylvania
received its full rate, and they were trans.
ported on passenger trains Tor ten DAYS
before Mr.. Garrett discovered It. Such q
fight as this admitted Of only one ending,
Mr. Garrett had to give in. E.t7, :.
The crisis Of 1873 found all the lines too
much pressed to protect their own reve.
nues to admit OF assaults upon their rivals,
and tho Centennial year brought Commis.
sioner Fink to the front with his plan Of
organization Of the trunk lines Just as
President Gowan at last found lis Dor.
rowing power exhausted, and necessarily
Reading dividends at ones suspended.
The Central Tor Mr.. Vanderbilt, rather),
had in the meantime been forced 10 take
in the Michigan Central and the Canada
Southern, and the Baltimore & Ohio had
strengthened it's Western connections.
The Erie was still in the throes OF bank.
fup.cy. The Centennial year was cels.
DRAFTED by the disastrous war of rates
which followed the refusal Of the trunk
lines to accept Commissioner Fink's
award OF percentages, and then came the
strikes oil 1877, when the railroads were
least able to comply with the demands OF
labQr-dcmants which brought on the
riots that cost Pennsylvania alone six or
seyon millions Of dollars, without reckon
ing penny for consequential damages. d,
1t WAS not until after the splendid har.
vest OF 1879 that the Baltimore & Ohio
first began its efforts to reach New York,
The New Jersey Central had been bank
fupt toz four years when Mr.. Gould, hay.
ing just finished his magnificent consoli.
dation Of the Wabash and the St. Louis,
Kansas City and Northern, conceived the
idea OF utilizing the Philadelphia, vii.
mington and Baltimore and New Jersey
Central. He goon appeared as q director
in both, and Mr.. Robert Garrett was
chosen TO the Board of the former. Penn
sylvania found itself compelled to meet
MIR. Gould with Nathaniel Thsyer's con-
tract for the delivery Of the contract for
the delivery Of the control Of the P, w,
q B. and Mr.. CARROTS power. Prompt
action was necessary. President Roberts
opened secret negotiations with the other
large stockholders. The day before the
annual meeting Of tho Pennsylvania the
msjority OF the Finance Committee with
President Roberts spent the day at the
WindsoE. It was late in the day when
the papers were signed. ~ .==4Ssg'si, fss' -
Tho Board WAS convened in special Res-
sion at half past o'clock in the morning,
and shortly after II President Roberts an
nounccd to the assembled stockholders
that they had purchased the P, w. &. B.
outright, asked for an increaae of stock
and authority to make new loan. It was
voted with cheers, and few weeks later
Treasurer Taylor drew in payment the
largest check ever drawn in this country,
ono Tor 4.5G2. Ills, upon the National
Eank oil Commerce Of this city. &
Even this did not force ont the Balti-
more d Ohio Interest. Mr.. Gould was q
large winner for Mr.. Thayer, then the
richest man in Boston, had to pay him the
difference on the 1000 shares he WAS to
deliver, netting him over hundred thou
sand, but Robert CARROTS resignation was
not asked for. When the meeting was
called to make the change MIR. Cassatt said
quietly in q corner: bob, what do you
want to go out for? Why don't you stay
lnf We had rather have you in than out"
But Mr. Garrett Durlily replied that he
mad cold his stock and did not care to re-.
main whore he WAS not wanted. aF.!S !
TIC now withdraws from tho Baltimore
q Ohio, not because he is not wanted, but
pecause his efforts to carry out his fathers
plans have proved as futile az they did
then. An earlier change OF policy would
have saved miliong tn his stnck hnldprs